Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japanese Tertiary Industry Index for June increased 2.3% monthly. Forex traders can compare this to the Japanese Tertiary Industry Index for May, which decreased 2.9% monthly. The UK Employment Change for the tri-monthly period ending in June was reported at 95K, and the ILO Unemployment Rate was reported at 4.7%. Economists predicted a reading of 75K and 4.8%. Forex traders can compare this to the UK Employment Change for May, reported at 25K, and the ILO Unemployment Rate...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Not so long ago, the number of opportunities to invest in electric cars was limited: it was either Tesla or nothing. If investors were unwilling to join Musk's team, they were just out of luck. Although there has been a dramatic turnaround in the last year, and the number of options has increased significantly thanks to the strong growth in the market of electric car companies, Tesla remains the focus of investors. And with President Biden recently stating that electric cars...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Inflationary pressures remain elevated, as evident in last week’s PPI data out of the US. Supply chain disruptions and port delays will continue to keep costs high for producers, which will filter through to CPI data. The US Dollar came under pressure after dismal confidence data out of the US, which dropped to a decade low. Since silver and other commodities remain priced in US Dollars, it provided a boost to price action. The delta variant of the Covid-19 pandemic is...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Earlier this month, Pfizer announced promising first-line results from a Phase 2b/3 trial testing the JAK inhibitor ritecitinib for the treatment of alopecia(baldness), suggesting that the drug could finally be approved to treat this autoimmune disease that causes hair loss. But as Jeff Little noted, "The FDA has recently been paying increased attention to the potential side effects of JAK inhibitors, which belong to a family of drugs called DMARDs (disease-modifying anti-...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Foreign Buying of Japanese Bonds for the period ending August 7th was reported at -¥1,103.6B, and Foreigners Buying of Japanese Stocks was reported at ¥104.9B. Forex traders can compare this to Foreign Buying of Japanese Bonds for the period ending July 31st, reported at ¥225.6B, and Foreigners Buying of Japanese Stocks, reported at ¥3.2B. The US Import Price Index for July is predicted to increase 0.6% monthly, and the US Export Price Index is predicted to...
